Cristiano Ronaldo dropped from Man United squad after walk-off against Spurs


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Cristiano Ronaldo will miss Manchester United’s Premier League trip to Chelsea, the Old Trafford club have revealed.

Ronaldo left the Old Trafford bench before full-time in United’s league win over Tottenham on Wednesday.

The 37-year-old walked down the tunnel in the 89th minute, having remained an unused substitute.

Manager Erik ten Hag had vowed to “deal with” the issue on Thursday.

The United boss has taken the lead on the decision to stand down Portugal star Ronaldo, with full club backing.

“Cristiano will not be part of the Manchester United squad for this Saturday’s game against Chelsea,” read a United statement.

“The rest of the squad is fully focused on preparing for that fixture.”

Ronaldo has cut a divisive figure at Old Trafford this term, struggling for game time and appearing annoyed at having to prove his worth to boss Ten Hag.

The decorated striker had been linked with a summer move away from United but no deal materialised.

Now Ten Hag appears to be ready to take control of the situation, omitting Ronaldo from this weekend’s trip to Stamford Bridge.

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Ronaldo, a five-time Champions League winner with Real and United, has started only two Premier League games this season, also making six substitute appearances and scoring only one goal.

He also has four Europa League starts and one goal in the second tier competition he was so keen to avoid after United finished outside the Premier League's top four last term.

Since rejoining United from Juventus in 2021, Ronaldo has been a shadow of the figure who starred in his first stint at the club from 2003 to 2009.

The five-time Ballon d'Or winner did finish as United's top-scorer last season with 24 goals, but he never appeared settled, clashing with former bosses Ole Gunnar Solskjaer and then Ralf Rangnick.

The final straw came when Ten Hag sent on Christian Eriksen and Anthony Elanga ahead of Ronaldo in the 87th minute against Tottenham.

United still had two substitutions remaining when Ronaldo stormed off.

Ten Hag's decision to drop him from the Chelsea game underlines how he viewed Ronaldo's show of petulance and potentially started a countdown to the end of his time at Old Trafford.

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

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Who inspires you?

I am in awe of the remarkable women in the Arab region, both big and small, pushing boundaries and becoming role models for generations. Emily Nasrallah was a writer, journalist, teacher and women’s rights activist

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